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Behavior
Session 1
What is Consumer
Behavior?
. is defined as the
study of the buying
units and the
exchange
processes involved
in acquiring,
consuming, and
disposing of goods,
services,
..
What is Consumer
Behavior?
Consumer behavior
is a
Most marketers recognize that
process.
Actors in Consumer
Behavior
Consumer behavior
B.
involves many different
Aactors.
consumer is generally thought
of as a person who identifies a
need or desire, makes a
purchase, and then disposes of
the product during the three
stages in the consumption
process.
The purchaser and user of a
product might not be the same
person.
A separate person might be an
influencer. This person provides
recommendations for or against
certain products without actually
buying or using them.
Addictive
consumption
Compulsive
consumption
Consumed
consumers
Illegal activities
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2/13/15
Copyright 2011 Pearson
Education, Inc. publishing as
Prentice Hall
The Meaning of
Consumption
A fundamental premise of
consumer behavior is that people
often buy products not for what
they do, but for what they mean.
People, in general, will choose the
brand that has an image (or even
a personality) that is consistent
with his or her underlying needs.
Role theory takes the view that
much of consumer behavior
resembles actions in a play.
Consumers have roles and they
may alter their consumption
decisions depending upon the role
being played at the time.
The Meaning of
Consumption
Consumers can develop relationships
with brands:
Self-Concept Attachment
The product helps to
establish the users
identity
Interdependence
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Nostalgic Attachment
The product serves as a
link with a past self
Love
The product elicits
emotional bonds of
warmth, passion, or
other strong emotion
Discussion Question
Give some examples of products that
might be consumed strictly for
image.
How does the image of the product
enhance your sense of self when you
use or consume the product?
Give some examples of products that
may remind you of some pleasant
happening in the past
Elements of Exchange
Six Types of Resources Are
Exchanged:
Goods
Servic
e
Money
Informatio
n
Status
Feelings
Dimensions of Exchange
Relations
Four types of consumer exchange
relations have been identified:
Restricted versus Complex Exchanges
Internal versus External Exchanges
Formal versus Informal Exchanges
Relational versus Discrete
Relational exchange
Current hot topic in marketing
Characteristics
long term
reciprocal obligations
non-economic rewards: market embedded
ness--social ties between buyer and seller
increase perceived value of exchange.
extensive formal and informal communications
high interdependence
planning
Market Embeddedness
The social ties between buyer and
seller increase the perceived value of
the exchange.
Examples, house parties of:
Tupperware
Mary Kay Cosmetics
Customer Value,
Satisfaction, Trust, and
Retention
Successful Relationships
Successful Relationships
Value,
Satisfaction,
Trust,
and
Customer
Retention
Value
Customer
Satisfaction
Customer
Trust
Customer
Retention
Discussion Questions
How does
McDonalds
create value for
the consumer?
How do they
communicate this
value?
31
Successful Relationships
Value,
Satisfaction,
Trust,
and
Customer
Retention
Value
Customer
Satisfaction
Customer
Trust
Customer
Retention
Successful Relationships
Customer trust is
Value,
closely related to
customer satisfaction.
Satisfaction,
Trust in a company
Trust,
and
Customer
helps build loyalty.
Retention
Value
Consumer trust differs
Customer
based on the media and
Satisfaction
the source of the
message.
Customer
This is seen in
Trust
advertising where
Customer
customers trust word-ofRetention
mouth much more than
Copyright 2010 Pearson Education,
messages
Inc. publishing as Prentice marketing
Hall
33
Chapter One Slide
Successful Relationships
Value,
Satisfaction,
Trust,
and
Customer
Retention
Value
Customer
Satisfaction
Customer
Trust
Customer
Retention
Top 10 Companies
American Express
eBay
IBM
Amazon
Johnson & Johnson
Hewlett-Packard
U.S. Postal Service
Procter and Gamble
Apple
Nationwide
Hall
Customer Profitability-Focused
Marketing
You are probably familiar with segmentation
based on demographics, such as age and
gender.
Another common segmentation scheme used
by marketers is to segment customers by their
profitability to the firm.
With this method, marketers can offer higherlevel services to their platinum customers who
are more valuable to the marketer, more likely
to try new offerings, and are often not price
sensitive
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38
The DecisionMaking
Perspective
The Experiential
Perspective
The Behavioral
Influence
Perspective
The Decision-Making
Perspective
. . . proposes that
buying results from
consumers
perceiving that
they have a
problem and then
they move through
a series of rational
steps to solve the
problem
Generic Decision
Model
Problem
Recognition
Search
Alternative
Evaluation
Choice
Post-acquisition
Evaluation
..
versus
Want: one way that society has
taught us that the need can be
satisfied
Do Marketers Promise
Miracles?
The failure rate for
new
Discussion
Advertisers are often blamed for
promoting a materialistic society by
making their products as desirable as
possible.
Do you agree with this?
If yes, is materialism a bad thing?
If no, what are your reasons?
Product Role
Experimental
Psychology
Clinical Psychology
Psychological adjustment
Microeconomics/Human
Ecology
Social Psychology
Sociology
Macroeconomics
Semiotics/Literary
Criticism
Demography
History
Cultural Anthropology
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2/13/15
Copyright 2011 Pearson
Education, Inc. publishing as
Prentice Hall
Disciplines in
Consumer Research
Consumer behavior
involves many different
disciplines
MACRO CONSUMER
BEHAVIOR
(SOCIAL FOCUS)
1-48
Experimental Psych
Clinical Psychology
Developmental Psych
Human Ecology
Microeconomics
Social Psychology
Sociology
Macroeconomics
Semiotics/Literary Criticism
Demography
History
Cultural Anthropology
2/13/15
Copyright 2011 Pearson
Education, Inc. publishing as
Prentice Hall
1-49
2/13/15
Copyright 2011 Pearson
Education, Inc. publishing as
Prentice Hall